$150 million to recharge regions

The State Government is inviting applications for a $5 million competitive funding round as part of a $150 million ‘Recharging our Regions’ package.

Minister for Primary Industries and Regional Development Tim Whetstone is encouraging innovative and creative applications for the 2018-19 competitive fund, which is open until 31 August 2018.

In addition to the $5 million for competitive grants there is a further $10 million available all-year-round for strategic regional projects. Both grants will be available for the next 10 years.

“This Fund heralds an exciting new era for State Government support for regional South Australia and I look forward to seeing a diverse range of applications aimed at growing regional economies and creating jobs,” said Minister Whetstone.

Through the Fund, the Government aims to work with communities, industry and local organisations to build strong, productive relationships that deliver jobs and critical infrastructure within regions.

A key point of difference for the new regional funding model is that it encourages collaboration and community and industry benefits with a focus on leveraging other sources of funding such as the Federal Government’s Regional Growth Fund

“We are keen to foster business clusters and organisations such as local industry associations working together to pursue innovative projects,” Minister Whetstone added.

Strategic regional projects for funding from the $10 million will be selected based on the following principles:

  • support for new economic activity that would not otherwise occur
  • the activity can be sustained without further intervention by government after the funding has been provided
  • the activity creates benefit for multiple entities, including entities not directly associated with the application
  • the activity contributes to the scale of an industry or sector
  • the application has a connection to and has vested an interest in a specific regional community.

Applicants for competitive funding can seek grants from $50,000 up to $2 million. Applications close on Friday 31 August 2018. Guidelines and application details are now available on the PIRSA website.

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